Genesis Minerals Reports Strong June Quarter and Advances ASPIRE 500 Strategy

3 July 2026 | Western Australia - Genesis Minerals has reported a strong business update, with June quarter gold production of 70,767 ounces and continued progress across its Western Australian growth strategy.

The company said its June quarter production supported FY26 gold production in line with guidance, while the business also delivered an underlying cash build of approximately A$258 million.

Genesis has also completed its acquisition of Magnetic Resources, a transaction valued at approximately A$639 million, adding further scale to the company’s Laverton gold portfolio.

The acquisition brings the Lady Julie Gold Project into the Genesis portfolio and supports the company’s broader regional consolidation strategy around Laverton and Leonora.

Why it matters: Genesis is continuing to build one of Western Australia’s larger gold production platforms. The business update points to strong operating cash generation, continued production consistency and further growth optionality through acquisitions, development work and exploration.

Genesis said it is continuing to advance its ASPIRE 500 strategy, which is focused on building the company toward a larger, long-life gold production profile.

The company also highlighted ongoing progress at Tower Hill, which remains a key development project within its growth pipeline. Tower Hill is expected to play an important role in increasing future production and supporting long-term processing flexibility.

Genesis has also increased its FY27 exploration budget to A$80 million to A$90 million, signalling a major commitment to organic growth across its expanded project base.

The company said underground mining services contract transitions had been successfully completed, while safety, production growth and delivery against market commitments remain key priorities.

For Western Australia’s gold sector, Genesis’ update shows continued momentum from a major regional gold consolidator. With strong production, cash generation, a completed Magnetic Resources acquisition and a larger exploration budget, the company is positioning itself for further growth across the Leonora and Laverton districts.

Source: Genesis Minerals ASX announcement, “Business Update”, 3 July 2026.